>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good. >> that's right. that's right. so they don't need much capital, they usually have brands, more towards the services side of things, they're very global and as a consequence, you do find great stocks listed in france with very -- >> you went to a french business school. >> yes, that's an oxymoron. >> thank you for playing along. >> thanks for coming in. >> thanks for having me. >>> let's get back to this hour's special guest, philadelphia federal reserve president charles plosser. you've heard of guys that build like bomb shelters and stock it with canned goods. there are people in the past that said once the government puts in a poli